The problem comes from the government guaranteeing student loans. If the government did not guarantee student loans, then banks and lenders would take a lot closer look at the ability of people to pay them back. It would also put downward pressure on the price of a college education, since the government would no longer be throwing money at student tuition.

But the bottom line is, the students need to be aware of what they are getting into, and how long it will take them to pay back the loans. Some of them act like they had no idea. Which is ridiculous, because being college students, they are supposed to be smart enough to understand basic math.

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